Dec 4, 2012 9:00am EST
this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york state's senior senator. we'll see. you know, there are those who believe if you want deficit reduction and are serious about it, we have one way to get there and it's called the fiscal cliff and will send us into recession but we may get deficit reduction but others believe we won't get spending cuts that we need. more will take place in defense which many argue does need to happen perhaps though not in the same way it does.
Dec 7, 2012 3:00am PST
you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankameric
Dec 6, 2012 10:00pm PST
for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear the day after the election. he said mr. president, you won, but so did we. the mandate we have is to work together. we are willing to honor your ledge pledge of $80 billion a year from the wealthiest, which is what you said during the campaign, the $800 billion, but we need the $2.50 for every one dollar in cuts and the president has been completely unwilling to specify those cuts. >> here's your problem. other than the snapshot of the president in swim trunks in hawaii while we go off the fiscal cliff, which is a bad photo op, or if he delays his trip for two days but sends his family off so we are paying for few flights to hawaii, other than that, what do you
Dec 7, 2012 9:20am EST
the election. >> i think once, you were out that day, but great to see you stuart. how have you been? >> i'm recovering from the election. >> glad to hear it. what i'm seeing with the dividends, charitable contributions speeding up. people are trying to avoid the tax increases they know are going to hit them next year, the rich avoiding the tax on the rich policy, isn't it? >> well, who can blame them, right? this is a classic example of unintended consequences, when you start talking about raising taxes, people take action to reduce their liability. that's human nature, that's common sense. on this, on the stories you cite, stuart. two quick comments, number one, you can be pretty certain, dividends and capital gains will be taxed higher because of that 3.8 sur tax because of obamacare, that you can count on. second story, charitable contributions that's not ascertain as the 3.8% sur tax. >> i don't think we're going to see any restriction on the mortgage interest deduction. i don't predict that's going to happen. only 27% of people claim the mortgage interest deduction is a relatively sm